Contract Cost and Documentation for the Navy Assignment

Contract Cost and Documentation for the Navy - Assignment ExampleContract address includes the strategies for controlling various kinds of cost associated with the contracts or agreements of the company. The strategies of contract cost help to provide different kinds of products to the Navy, so that the customers can justify the billing procedures and other costs related to the function of Lester Myers Inc. The musical accompaniment process helps the company to check the working process including the paper works with the aim of ascertaining accuracy of billings. The documentation process is adopted in order to understate the effects and maintain the quality of services or products (Urizar, 2013).In the negotiation process, Lester Myers Inc. provides a low price facility to the Navy. It helps Navy to purchase the products or services from Lester Myers Inc. in volume quantities, which increases the sales percentage of Lester Myers Inc. The company should implement an efficient al lowance facility to retain Navys contract as well(p) as trust. If the payment facilities do not provide benefits to the Navy, then disagreement will be witnessed in the contract, which will not be efficient for the bank line relations. In addition, the company should focuses on the ways by which it can control as well as increase the working capital and cash light within the same. Lester Myers Inc. provides credit facilities for the Navy, so that the customers get the chance to pay the amount over time. Credit facilities include partial payment facilities reducing the stress of bulk payment, which could be riskier for the Navy (Scheer, 2013).The company should provide monthly or periodically installment payment facilities, which in turn helps the Navy to feel free from the payment burden and pay periodically or monthly. The company can provide multi channels for the payment such as online facilities or other credit and/or debit card facilities to make payment process easier for t he Navy. The